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Technical analysis

25.09.201709:22 Forex Analysis & Reviews: Technical analysis and trading recommendations for the USD/JPY currency pair as of September 25, 2017

Long-term review

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The currency pair USD/JPY showed an increased upward interest and reached a value of 112.70, where it felt a periodic ceiling. Now, we see how the quotation at times slowed down the movement, forming a temporary flat at 111.80 / 112.60. It is likely that the movement within the given framework will continue where the traders should keep track of clear price fixations outside the borders (111.80 / 112.60) for planning further trading positions. In the case of working within the range, it is worthwhile to pledge a smaller lot so that you do not run into unnecessary losses.

Key levels

Resistance zones: 113,00; 114.40.

Support zones: 112 / 111.80 *; 109.80; 108.00.

Attention: Forecasts are not a direct guide to action!

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